Republican Tax Bill Nothing But Corporate Giveaways

November 2, 2017

AFL-CIO President Richard Trumka issued the following statement on the Republican tax bill released today:

This tax bill is a job killer. It gives hundreds of billions of dollars in tax breaks to companies that outsource jobs and profits. No matter how it’s spun by Republican politicians, their tax bill is nothing but giveaways to Wall Street, big corporations and millionaires, paid for on the backs of working families.

It is astounding that a tax bill that will encourage offshoring is even under consideration. It’s shameless to propose cutting Medicaid, Medicare, education and infrastructure to pay for tax breaks for the 1%. History tells us, commonsense tells us and careful analysis of this tax bill tells us that these tax giveaways for the wealthy and big corporations will never trickle down to the rest of us. Real tax reform actually can put money back in the pockets of working people, but this is not that kind of plan.